Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

U.S. Economy Shrank 0.5% in Q1

U.S. Economy Shrank 0.5% in Q1

Washington, DC, June 26, 2025-The U.S. economy contracted at an annual rate of 0.5% in the first quarter of 2025, according to the Commerce Department’s third estimate, marking the first quarterly decline in GDP since early 2022.

Gas Prices Down, Diesel Up Heading Into Summer

Gas Prices Down, Diesel Up Heading Into Summer

Washington, DC, June 26, 2025-As of late June 2025, U.S. fuel prices are showing a mixed pattern heading into the heart of the summer driving season, according to the latest data from the U.S. Energy Information Administration.

Single-Family Home Sales Declined 13.7% in May

Single-Family Home Sales Declined 13.7% in May

Washington, DC, June 25, 2025—Sales of new single-family houses in May 2025 were at a seasonally-adjusted annual rate of 623,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 13.7% below the April 2025 rate of 722,000, and is 6.3% below the May 2024 rate of 665,000.

Mortgage Applications Rose 1.1% in Week Ending June 20

Mortgage Applications Rose 1.1% in Week Ending June 20

Washington, DC, June 25, 2025—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 20, 2025.

Home Prices Rose 2.7% in April, Says Case-Shiller

Home Prices Rose 2.7% in April, Says Case-Shiller

New York, NY, June 24, 2025—The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 2.7% annual return for April, down from a 3.4% annual gain in the previous month.